Solana Co-Founder Reveals Early Struggles and Investments in SOL

Anatoly Yakovenko, the co-founder of Solana Labs, shared the inspiring tale of his entrepreneurial journey. Around 6 years ago, he embarked on a mission to create Solana (SOL), a blockchain project that has now gained significant popularity in the crypto space. However, at the outset, he faced numerous challenges.

Yakovenko initially lacked any form of support and had to reach out to all his contacts. He attended cryptocurrency-related events and tirelessly pitched his project to potential investors. It took him over two months and a whopping 100 product presentations to secure $500,000 from venture capitalists. The creator of Solana "talked to everyone, attended every meeting, and introduced himself to anyone who would listen."

The entrepreneur was determined to garner support from prominent individuals, but by 2017, many venture capitalists believed that the potential of first-tier blockchain networks (L1) had been exhausted, making it challenging to propose something new.

As of 12:50 Moscow time on December 10, 2023, Solana (SOL) ranks 6th among the world's most popular cryptocurrencies. Its value has dipped by 6.1% in the past 24 hours, yet it remains 12.5% higher than its weekly values and a staggering 49.8% higher than 30 days ago. You can acquire this asset for $71.3.

The total supply of tokens in circulation stands at $30.39 billion, with daily trading volumes of $2.26 billion.

Despite Solana's rise, Bitcoin (BTC) remains the leader in the cryptocurrency market. It is currently valued at $43,675, with a market capitalization of $854.35 billion and daily trading volumes of $14.66 billion. Bitcoin's industry dominance sits at 52.3%, and the greed and fear index registers at 82 out of 100.